Binkley Co. buys three Morris publications
On Monday the Binkley Company and Morris Communications announced the sale of three Alaskan publications: The Alaska Journal of Commerce, the Chugiak-Eagle River Star and The Alaskan Equipment Trader.
The Alaska Journal of Commerce and the Chugiak-Eagle River Star are published weekly, and the Alaskan Equipment Trader is a monthly publication.
The sale is expected to close on Feb. 23. A sale price was not announced.
In September, the Binkley Company purchased the assets of the Alaska Dispatch News (now the Anchorage Daily News) out of bankruptcy and will fold the publications into existing ADN operations.
“These three papers occupy important spaces in the Alaska media landscape” said Ryan Binkley. “We are excited by the opportunity to add new areas of coverage and new audiences, and to realize the efficiencies that are possible when smaller newspapers are part of a larger group.”
The Binkley Company is owned by siblings Ryan, Kai, Wade and James Binkley from Fairbanks.
The sale of the three publications completes the exit of Morris from the Alaska newspaper market, where it has had a presence since 1969 when the company purchased the Juneau Empire.
The Journal has been published since 1977 and the Star since 1972.
Last August, Morris Communications announced the sale of the Juneau Empire, the Peninsula Clarion and the Homer News to Gatehouse Media, along with eight other newspapers around the country in a deal that closed in October.
Morris still owns The Milepost and Alaska Magazine as part of its magazine portfolio.